Shares in the troubled British lender Metro Bank bounced back by a third on Friday on reports that it has been sounding out bigger rivals to buy a chunk of its assets.
Sky News reported that advisers to the bank have contacted Lloyds Banking Group and NatWest Group among others. That helped the company's share price rally by 30% to 48.5 pence on the London Stock Exchange, in the process recouping the previous day's losses when the bank acknowledged the need to raise new capital.
